For the period, the company reported revenue of $117.9 million, up up 4% sequentially and 24% year over year, and shy of the Street at $118.6 million. Non-GAAP profits were 40 cents a share; the Street consensus was for just 25 cents.

"Driven by the investments we made over the past few years, we continue to meet or exceed our targets on key financial metrics such as revenue, non-GAAP operating margin, non-GAAP earnings and cash flow," CEO Steve Singh said in a statement. "Just as importantly, those investments are meaningfully expanding the addressable market we can serve and driving the innovation curve in our industry. As a result, we expect revenue in fiscal 2013 to grow by 25% fueled by strong customer growth across all geographies, notably the SMB and global account market segments."

For Q1, the company sees revenue up 21% year over year, with non-GAAP profits of 30 cents a share, ahead of the Street at 25 cents. For the full year, Concur sees revenues up 25%, with profits of at least $1.40 a share, ahead of the Street at $1.13.